In this analysis, iGaming industry consultant Ron Mendelson, Fast Offshore, explores the benefits of pairing a Costa Rican company structure with the increasingly popular Anjouan online gaming license.
In the iGaming sector, strategic decisions can make or break a company’s trajectory. One such decision gaining traction among savvy operators is pairing a Costa Rican company structure with an Anjouan iGaming license. This approach offers many benefits, ranging from regulatory flexibility to fiscal advantages, ultimately paving the way for sustainable growth and enhanced operational efficiency.
Costa Rica, a firm favorite
Costa Rica has long been a haven for iGaming operators due to its favourable business environment. Unlike many jurisdictions, it allows companies to operate iGaming ventures legally without requiring a specific license. While this is great for those offering crypto payments, it is limiting for those that want to offer fiat payment processing. This is because to offer fiat currency transactions, it is necessary to have a bank account and agreements with payment gateway providers- both of which require a valid license. But, there is a solution.
Here’s where the Anjouan iGaming license enters the equation as a game-changer. By obtaining this recognised license from a regulated jurisdiction, operators gain access to crucial banking and payment infrastructure, enabling smoother transaction processes and enhancing overall financial operations. This integration facilitates fiat payments and instils confidence in customers and stakeholders by operating within a regulated framework. By getting an Anjouan license, operators can offer both fiat and crypto payments to their clients.
Another advantage of combining a Costa Rican company structure with an Anjouan iGaming license lies in its fiscal benefits. Costa Rica boasts a favourable tax regime, with no taxes on income generated outside the country. This, coupled with Anjouan’s low application and opening costs, presents a compelling proposition for operators seeking to maximise profitability while minimising overhead expenses. By keeping costs low at the setup stage, money can be kept aside to invest in games, the platform, and future expansion.
Furthermore, the streamlined processes associated with both jurisdictions lessens administrative burdens, allowing operators to focus on core business activities. The low maintenance costs of maintaining a company in Costa Rica, coupled with the hands-off regulatory approach of Anjouan, create an environment conducive to innovation and growth. Operators can allocate resources more efficiently, channeling efforts towards enhancing user experience and expanding market reach.
Enter, Anjouan
Moreover, the reputation of both Costa Rica and Anjouan as favorable destinations for iGaming operations adds another layer of credibility to the venture. Costa Rica’s established presence in the industry, coupled with Anjouan’s recognition as a regulated jurisdiction, instills trust among customers and partners alike. This trust translates into a competitive edge, good brand image, and security from players and partners whe working with your company.
While Anjouan has been somewhat under the radar in terms of iGaming licensing, in the last year, it has grown in prominence and popularity. The authorities have undertaken streamlining work to present the license as a great opportunity for iGaming companies from all over the world. The result is a huge uptick in interest, as well as a burgeoning reputation on the international scene.
Accessibility, synergy
Another compelling reason to opt for this strategic combination is the accessibility it offers to a global audience. With Costa Rica serving as a strategic hub in the Americas and Anjouan providing access to European, African, Asian, and other markets, operators can tap into a diverse pool of players, expanding their reach and diversifying their revenue streams. This geographical advantage positions companies for success in an increasingly interconnected world and means more revenue for you.
In addition to these benefits, the synergy between a Costa Rican company structure and an Anjouan iGaming license facilitates compliance with international standards and best practices. Both jurisdictions adhere to regulatory requirements, ensuring transparency, fairness, and responsible gaming practices. By aligning with these standards, operators not only mitigate legal risks but also demonstrate their commitment to integrity and ethical conduct- a big plus for players.
It’s important to note that while the combination of a Costa Rican company structure and an Anjouan iGaming license offers numerous advantages, due diligence is essential. Operators must conduct thorough research, assess regulatory requirements, and consult legal experts to ensure compliance with applicable laws and regulations and that is where Fast Offshore comes in.
Fast Offshore has been working in iGaming for 27 years and has significant experience in Costa Rica and Anjouan as well as in multiple other licensing jurisidictions. We help startups and established operators with licensing, payments, structuring, compliance and all ongoing maintenance. Or team of professionals can offer off-the-shelf solutions or custom approaches, depending on budget, time frame and requirements. All you have to do is ask.
In conclusion, the strategic pairing of a Costa Rican company structure with an Anjouan iGaming license represents a compelling proposition for iGaming operators seeking to thrive in a competitive market. By leveraging the strengths of both jurisdictions, operators can unlock new opportunities and enhance overall business performance. With the right approach and careful planning, this innovative strategy holds the potential to propel iGaming ventures to unprecedented heights of success. Contact Fast Offshore today for more informaton.
Original article: https://www.yogonet.com/international/noticias/2024/02/27/71014-the-strategic-advantage-of-combining-a-costa-rican-company-and-the-anjouan-igaming-license
